Somalia has signed an oil and gas exploration agreement with a United States company.
Engineer Abdirashid M. Ahmed, the Minister of Petroleum and Mineral Resources, announced the agreement on February 19.
Earlier, Eng. Ahmed announced that Somalia signed seven Production Sharing Agreements with Coastline Exploration Ltd, a US firm based in Texas.
He termed the signing of the agreements a “victory for the people of Somalia.”
The petroleum minister also expressed his gratitude to President Mohamed Abdullahi Farmaajo for supporting the process that led to the signing of the agreement.